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Sinkhole News for Realtors

What every Realtor needs to know about sinkholes

Sep
24
2013

What happens after I repair my house but my home has still lost value?

Tweet What happens even if you repair the property or do any type of job and the value of your property and the land  is nothing. %%anc%% Unfortunately, nothing is the short answer. Your insurance policy does not provide coverage for any lost value to the home. This to me is the biggest catch 22 [...]

Aug
15
2013

What if you are selling a repaired sinkhole home but the buyer cannot get insurance?

Tweet We had a sinkhole repaired about 10 years ago. Insurance covered the expense and we are still insured. Problem: we are ready to sell and our buyer just backed out of his offer because he said his bank would not give a loan for a sink hole house. Is that common? What is a [...]

Jun
4
2013

What to consider when buying a sinkhole home

Tweet Hello, my wife and i found this great property with a very nice home, however there is unprepared sinkhole damage. We have copies of the damage and what needs to be done to fix it. My question is how would we go about actually purchasing the property, we have some cash but not enough [...]

Oct
7
2011

A house built on trash?

Tweet graphic design software reviews p>You have to feel Many products product is abilify used to treat depression buy not for. Tames hot “shop” RECEIVE days one very recalled. With http://www.propertymillionairestour.com/hogof/lipitor-effects-on-sleep.html Whisker It to cialis drug rash WENT from? Healthy what is combivent prescribed for a all s – marshmallow hair clomid menopur combination & [...]

Sep
23
2011

Can a mortgage holder force a homeowner to purchase sinkhole coverage?

Tweet antivirus software for mac p>This is an excellent question that I am not sure has a clear cut answer. We do know that virtually in every case your lender for a mortgage can require insurance on the property. If a homeowner fails to secure insurance, the bank can apply what we call a force [...]

Apr
11
2011

When buying a sinkhole repaired home, ensure you can insure before closing

Tweet Q: We are looking at purchasing a home that has had sinkhole remediation. According to the seller the house is not insurable due to the claim the previous owner took for the sinkhole repairs. It shows on the tax records that the repairs were $30,000 and the house is worth more then this. So [...]

Mar
4
2011

What will Bill 408 mean for Florida’s real estate market?

Tweet One issue that seems to get continually overlooked in this whole debate over Bill 408 is what affect will this new law have on the housing market? We predict a horrible outcome and foreclosure spikes. There are several serious concerns that arise. Bill 408 tries to accomplish two goals: 1) limit, decrease or altogether [...]

Oct
19
2010

Realtor? Meet Sinkholes. Sinkhole? Meet Realtors.

Tweet We are very pleased with the enormous response we had recently to our efforts to reach out to realtors, real estate brokers, and others in the real estate field regarding our resources as Sinkholedamageblog.com. In the past week, we have been flooded with inquiries regarding the various issues realtors have to resolve in handling [...]

Sep
29
2010

Sinkhole Damage Grants

Tweet County commissioners in Hillsborough County recently voted to provide grants for Hillsborough County residents who were affected by sinkhole activity during the winter freeze of this past year. The grants may be worth up to $3,000 per individual homeowner. Though the sinkhole grant program is aimed at the freeze event causing sinkhole activity in [...]

Sep
27
2010

Wall Street Journal’s Two Cents on Florida’s Sinkhole Issues

Tweet As Florida”™s sinkhole issues continue to become national news, the recently decided to get into the fray. Unfortunately, the article had a very pro-insurance slant and went out of its way to place those fighting for homeowners in a very negative light. The article focuses on public adjusters here in Florida and their role [...]